so for this year, i had a property but sold it, so i owe two and a half months of tax, the total for this year is $15,312.62
so how much do i owe
like i worked it out but i don't think i did it rite like i divided by 12 and all this other stuff i just don't know what i'm doing
so help plz!!!!!!!!!!
2007-11-27 13:56:58 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
well i figured that for one month its 1276.06
for half a month it would be 638.11
so for 2.5 months i figured it would be 3190.14
i could be wrong thoe
2007-11-27 14:04:52 · update #1
You're correct. (The other poster is not.)
How anyone reckons this is a "bad" answer is beyond me. Damned trolls! LOL!
2007-11-27 14:33:36 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 1⤋
I think you're talking about the property tax on the real estate you sold. Look at your closing documents carefully. Generally the title company (or attorney, if that's how you transact sales in your state) is going to pro-rate the taxes between you and the buyer, and retain your share from the sale proceeds to pay the property tax. This is how it's done in California. You've probably already paid the tax in closing. If you can't figure out the paperwork, just stop by the title company and ask them to show you on the documents.
2007-11-27 22:40:23 · answer #2 · answered by Knightly 2 · 0⤊ 0⤋
If I'm understanding the question properly it would be $2110
2007-11-27 22:02:14 · answer #3 · answered by oracleofohio 7 · 0⤊ 1⤋